Integration of technology, data security, ESG, and flexibility at the workplace the top concerns for in-house counsels and professionals
SYDNEY–(BUSINESS WIRE)–Wolters Kluwer Tax & Accounting (TAA) and ACC Australia (Association of Corporate Counsel Australia) have published their annual In-house Counsel Trends Survey Report for 2023, examining the key practices, areas of concern, and challenges for in-house legal counsel from the past year that will shape the future of the profession.
Conducted in March and April 2023, the survey was completed by more than 200 respondents across various corporate, government, and not-for-profit organisations. Chief Legal Officers (CLOs), General Counsels, and Heads of Legal accounted for 43% of respondents, with Senior Lawyers making up an additional 41%. Over 50% of respondents report directly to the CEO, highlighting the continuing importance of in-house counsel. Furthermore, 53% attend all board meetings and 65% said their opinion on business decisions is sought all or most of the time.
The survey report reflects insights from senior leaders and legal professionals throughout Australia on key areas including the latest internal and external trends, outsourcing practices, existing and emerging threats to in-house teams, and the effect of the pandemic on the profession, such as workload, job satisfaction, upskilling plans, and work-life balance. Key findings from the report include:
“Wolters Kluwer has been a Corporate Alliance Program Partner of ACC Australia for seven years, and we are proud to support in-house counsel and legal professionals with our digital-first technology solutions, including our award-winning legal research platform, all written and curated by our team of in-house legal experts,” said Izzy Silva, Managing Director of Wolters Kluwer TAA, Asia Pacific. “As in-house counsel navigate the ever-evolving landscapes facing organisations and industries today, we want to keep providing tools and insights they can trust and rely upon to empower their legal advice to management teams and inform the decision-making process in legal, risk, and compliance matters.”
The 2023 In-house Counsel Trends Report is distributed to 4,000 ACC members who serve as in-house counsel across Australia. A webinar presenting key findings from the report is also available to watch on-demand. For more information, please find the full report here.
About Wolters Kluwer
Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software, and services for professionals in healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, and corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.
Wolters Kluwer reported 2022 annual revenues of €5.5 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 20,000 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. For more information, visit www.wolterskluwer.com, follow us on Twitter, Facebook, LinkedIn, and YouTube.
About ACC
The Association of Corporate Counsel (ACC) is a global legal association that promotes the common professional and business interests of in-house counsel who work for corporations, associations, and other organisations through information, education, networking and advocacy. With more than 45,000 members in 85 countries employed by over 10,000 organisations, ACC connects its members to the people and resources necessary for both personal and professional growth. By in-house counsel, for in-house counsel.® For more information, visit Australia | Association of Corporate Counsel (ACC) and follow ACC on LinkedIn.
Contacts
Pippa McDonald
Marketing Director
Wolters Kluwer Tax & Accounting – Asia Pacific
pippa.mcdonald@wolterskluwer.com
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